Good news: Another Democrat calls for nationalizing the oil industry

posted at 5:50 pm on June 18, 2008 by Allahpundit

Submitted for your disapproval, in case you were wondering what the opposition had in mind as a counterpoint to McCain’s proposal for 45 new nuclear reactors. It’s Maurice Hinchey, whom longtime HA readers will recall as someone brimming with sound theories. This makes two congressional Democrats on record within the past month as supporting an overtly socialist “solution” to gas prices. How many others agree with a plurality of their base but simply haven’t spoken up yet?

The clip’s up front followed by Cavuto’s interview with an Obama-lovin’ nationalization proponent. Creepiest moment: “Maybe the government’s taking it over because it never should have been private in the first place.”


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Look, this is so violently unconstitutional I cannot even begin to believe it would go anywhere. It is a mountainous pile of crap.

What is significant is that it opens a window into the mentality of some of our elected representatives. Anyone that suggests or supports such an idea is an overt socialist and should be removed from their position toot sweet.

And punched.

LimeyGeek on June 19, 2008 at 10:37 AM

Hugo Chavez has clones in Congress.

Have any of these people thought of the cost to the American taxpayer of nationalizing oil companies? The Government can’t just take over a huge private corporation–it would have to BUY it from shareholders, some of whom are not American citizens, who would probably jack up the price if a buyout was announced. How many taxpayers would want spend trillions of dollars for the Government to buy oil companies and mismanage them, like they do everything else?

Steve Z on June 19, 2008 at 10:38 AM

Dear Government:

An American.

antoniojvr on June 19, 2008 at 10:47 AM

It is so hateful how y’all take these comments out of context and use them for fear mongering. Maybe they should nationalize the internet and radio first to stop all the lies spread by bloggers and talk shows. It would make it a whole lot easier to get things like this passed. Just imagine, we could have 20 million more US taxpayers ( and voters) if bloggers and talkshow host would have just kept quite last year. Y’all are going to ruin a good idea again. Anyways, what is so bad about the government owning the life blood industry? (sarc)

m1a1usmc on June 19, 2008 at 10:56 AM

To LimeyGeek:

No offense to Volkswagen, who makes some great cars, but someone once proposed a “folkish” state.

Adolf Hitler in Mein Kampf.

No thanks!!!

Steve Z on June 19, 2008 at 11:18 AM

Steve Z on June 19, 2008 at 11:18 AM

Words fail me

LimeyGeek on June 19, 2008 at 11:28 AM

Nationalizing oil companies? Yeah, that would work…about as well as the post office.

Converting the meager 5-7% ROI the oil companies get into another Congressional earmark revenue stream will guarantee that absolutely no money is available for oil exploration, refinery maintenance, or research. The refineries would totally collapse within 12 months under the crushing burden of government mismanagement.

And the foreign oil suppliers would probably cut us off for lack of timely payment (ala Medicare).

landlines on June 19, 2008 at 11:33 AM

You know, LimeyGeek, people will one day look back at the nomination of Barack Obama, and they’ll say “This was the time when people like Steve Z recovered their ability to detect sarcasm.”

And John Edwards will say “Hey, that’s my line.”

DrSteve on June 19, 2008 at 11:35 AM

DrSteve on June 19, 2008 at 11:35 AM

We can but hope for such change ;)

LimeyGeek on June 19, 2008 at 11:37 AM

When will the Dems suggest privatizing the credit card industry? Talk about profit margins and fraud…

cannonball on June 19, 2008 at 12:38 PM

aero on June 18, 2008 at 6:30 PM

You’re right, and McCain is gonna win in a landslide because you’re right.

Al in St. Lou on June 19, 2008 at 12:50 PM

As long as the Republicans don’t have the courage to stand up and call these people communist to their face, we lose. Maybe somebody on Capital Hill will find the courage, but I’m not hopeful.

Maxx on June 19, 2008 at 12:50 PM

This is a lot more popular then one could imagine. I would bet any amount of money that if Obama stated this, the majority of his followers would agree.
They are just uneducated about the effects gov. has on free markets.
The irony is this…the lowest ratings of confidence ever for our leaders, and yet they would hand over business that effects their lives to whom they consider unworthy.
Figure that out…

right2bright on June 19, 2008 at 1:28 PM

Look, this is so violently unconstitutional I cannot even begin to believe it would go anywhere. It is a mountainous pile of crap.

That would be true if the US Supreme Court actually gave a damn about the Constitution. Recent events would indicate otherwise.

trigon on June 19, 2008 at 1:54 PM

Be afraid, be very afraid…

All for the greater good of the People…comrade.

Wyznowski on June 19, 2008 at 2:03 PM


If Congress takes over the oil companies, OF COURSE prices will get lower!! Everybody knows that the prices set by refineries are just made up, that the refineries are producing massive, obscene and immoral profits for their owners, and that economics is just another word for “Greed.”

This babette has the brains of my sneakers. My God, they really believe this crap!

philwynk on June 19, 2008 at 2:35 PM

Limey Geek toot sweet is written tout suite. Does anyone remember when the telephone companies were deregulated. I remember prior to deregualtion it would cost me 15 dollars for 3 minutes. When they deregulated the companies, prices came down dramatically. Who ever thought you would be able to talk to someone from coast to coast for the price of a local call. Get the government involved and we are totally screwed. We might as well move to Venezuela. The true colors of the Democrats are showing.


There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. John Maynard Keynes

mark24609 on June 19, 2008 at 3:16 PM

First things first. The Govt must prove it can manage a large industry that makes obscene profits. Take over Starbucks. If the wait for a crappy, burnt-tasting cup of yuppie brew still remains at about 23.5 minutes, then we’re good to go.

Lunkinator on June 19, 2008 at 3:43 PM

Oil companies are the best. They are paying my salary, so I love them.

freevillage on June 19, 2008 at 4:37 PM

How about getting more efficient automobiles by nationalising that industry too.

We could have an awesome “peoples’ car” that gets 100 mpg…..a “folks’ wagon”, if you will.

LimeyGeek on June 19, 2008 at 10:34 AM

My drink went right through my nose.

Johan Klaus on June 19, 2008 at 8:10 PM

Sure. There’s free market. NOT! Don’t talk stupid, Dems.
Its all to bash Bush’s buds getting the contracts. We know its all before he leaves office, who’s he kidding. Dem’s don’t counter it with a stupid statement like Nationalizing.
Get your asses out there and develope some alternatives. Thats what’s needed while everyones attention is on it right now. The last thing we need is to stay dependent on oil for god sakes.

johnnyU on June 19, 2008 at 8:11 PM

It’s our water. Let’s nationalize water! No more bottled water! It’s my water!


Black Adam on June 20, 2008 at 12:31 AM

Oil companies are the best. They are paying my salary, so I love them.

freevillage on June 19, 2008 at 4:37 PM

I’m now more confident than ever we’ll find a technological solution to all this. We may disagree now and then but you’re a smart cookie.

DrSteve on June 20, 2008 at 10:29 AM